On June 5, Hua Qin Technology declined 3.47% in regular trading, trading at 79.1 HKD/share, with trading volume of 38.40 million HKD. The stock extended its multi-day pullback following a massive rally earlier in the week.

The decline reflects continued profit-taking pressure after the stock surged over 21% on June 1 to a post-listing high, catalyzed by NVIDIA's GTC Taipei conference and heightened expectations around the AI computing supply chain. Since June 3, the stock has experienced three consecutive days of correction as investors locked in gains from the sharp run-up. Meanwhile, the broader Technology Hardware sector remained under pressure, with Lenovo Group falling 4.16% and Legend Holdings declining 2.70%, creating additional drag on the stock.

Goldman Sachs recently initiated coverage on Hua Qin Technology's H shares with a Buy rating and a target price of 127.76 HKD, projecting a 32% revenue CAGR from 2025 to 2027, supported by AI data center growth and product mix upgrades driving margin improvement.

Hua Qin Technology is a global leading original design manufacturer of consumer electronics, with core businesses spanning mobile terminals, computing and data centers, AIoT, and innovative segments including automotive electronics and robotics.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)